4 Hour Strategy (MACD)

Quoting Bkk

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{quote} Hi Trademin, I am also short EURUSD from 1.3377. What would be your target (targets) here. I always get out too soon. Thanks

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Quoting nic73

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I got taken out by SL on EURUSD. NZDUSD running at a loss of 14pips at the moment and 12 pips gained so far for GBPUSD. RED news especially unemployment claim in US. Disobey my rule again. Yvon or anyone out there who took these pair, how did you go with your trade on these pairs??

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Quoting trademin

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{quote} nic, I have a very bad habit to get my SL too close to “action”, but most of the time, since my goal is not reached, I usually get back in…! EURUSD:Standing at about 40 pips gain at this point, so not bad…but doesn’t mean it is pocketed! GBPUSD: still short, waiting for the pair to go down. AUDUSD: Some 46 pips gain at this point, doing fine NZDUSD: still in the red for now about 20 pips.

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Quoting JonnyPip

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{quote} Hi Nic, Not quite, the A wave you have drawn is WITH the trend, the B wave you did is AGAINST the trend, that is the retracement wave and the one which you can zoom down onto a lower chart to see if it is breaking into 3 waves back towards the 21 ema. A move towards the 21ema in the 4h chart is usually a break of 21ema, pullback, move to 89/200 sma in a smaller chart. Look at the 4h and 1h chart of euro/usd atm. You can see where I am waiting to try and get into this in a short position with a break of the 21, pullback and move to 89sma...

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Quoting trademin

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{quote} hi Bkk, My targets gets refined when the price get closed to targets.but They don’t change much from the first sight. Now price is heading to 1.3300, (yellow circle). My guess is 1.3200 could be reachable, but again will see… {image}

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Quoting nic73

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{quote} I also got killed in NZDUSD. This morning I woke up and I re-enterted NZDUSD and EURUSD because the rhythm gave me the opportunity to do so. Am making some pips now. As for the lost trades, I sill believe it's because of RED news last night that caused the market of these pairs to be volatile. It was till volatile a few hours after the news release and so NU was taken out. EU was taken out not too long after news release. Never to trade during Red new. What say you?

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Quoting nic73

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{quote} Hi Jonny, I am trying to understand this bit by bit. Is my understanding correct: i) A wave should be WITH the Trend e.g. moving away from 21ema ii) B wave should be AGAINST the Trend e.g. pulling back to 21ema iii) C wave is the one giving the signal is should be WITH the Trend i.e. moving away from 21ema. iv) It is when C wave is about to form that we enter. Am i right? Thanks so much Nicholas

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Quoting nic73

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Hi TRADEMIN GBPUSD in 25pips gain now. How should I fine tune the SL to maximise my profit? {image}

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Quoting JonnyPip

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{quote} Hi Nic, Sorry I will try to explain a bit better This is simply how I look for an entry when the price pulls back to the 21ema in the 4h chart. As per rules, price pulls back to 21ema in 4 hour chart and gives signal to either buy or sell as it turns away from 21 ema. If you go down to a smaller time frame like the 1h chart, the pullback in the 4h chart often will break down into 3 waves in the lower chart and will look like a break above the 21ema, pullback, and move to 89/200 sma (in 1h chart). So wave a b and c are all AGAINST the trend...

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